Russia's central securities depository (CSD) is working with a tech startup to test the exchange and transfer of blockchain assets.
The project is part of a broader fintech initiative conducted in partnership between the Russian National Settlement Depository (NSD) and the National Research University's Higher School of Economics. A total of 10 startups took part. NSD is working with a startup called iCoinSoft, which according to its website designs white label exchange software for cryptocurrencies.
NSD said today that it was experimenting with "the circulation of blockchain assets" and that it had already begun working in tandem with clients on the potential application.
The firm explained:
The test is the latest for the NSD, which has to date taken a proactive approach to testing blockchain.
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